Company To Detail Full Year 2015 Analysis In Conference Call To Be Held Wednesday, June 8 at 10 AM PDT.Delivered meaningful improvement in key metrics with top line growth and margin improvements Increased core service sales by double digits Successfully launched several new programs Expanded distribution channels Increased national and international brand and grew worldwide reach to over 36M Launched live events on East CoastCARLSBAD, CA / ACCESSWIRE / June 8, 2016 / Motivating The Masses (OTC Pink: MNMT) ("Motivating The Masses" or the "Company") today reported its financial results for the first quarter ended March 31, 2016.Lisa Nichols, CEO of Motivating The Masses commented, "I am pleased with our results today and that we remain on track to achieve the goals that the Company has outlined in 2015. Overall, our portfolio of products and live events remain healthy with a slate of newly-introduced product marketed via expanded distribution channels encompassing direct-to-consumer and affinity partnerships while our service category has expanded with the addition of such corporate clients as Disney, General Motors and BMW."Nichols continued: "In 2015 and 2016 Motivating The Masses served over 2,000 clients across the US and internationally including the UK, Australia, Malaysia and Kenya, which, in combination with product sales, has resulted in a 49% increase in revenues over same time last year. At the same time, management succeeded in reducing expenses as a percentage of revenue. It is clear to me that Motivating The Masses is well positioned as an industry leader to further leverage and monetize our global platform."Said Scott Ryder, Chief Financial Officer of Motivating the Masses: "Motivating The Masses hired Anton & Chia to re-audit its books because the firm's prior auditor was suspended by the SEC. At the direction of Anton & Chia, MTM adjusted its accounts receivables and deferred revenues in 2014 and presented restated 2014 financials in its 2015 10K. The primary reason for the adjustment was because Anton & Chia could not effectively test the firm's revenue recognition policy in 2014 and prior years." Mr. Ryder further explained that "It wasn't for us to verify and many of our clients didn't have their records going back to 2011. MTM made similar adjustments in 2015 to provide a fair comparison to its restated 2014 financials. The 2015 adjustments reduced the firm's revenue by $800k and increased its net loss to $1.3M. MTM is pleased to report that Anton & Chia delivered a clean audit opinion and that it does not expect to make similar adjustments in 2016 and beyond."First Quarter 2016 Financial ResultsFor 2015 and the first quarter of 2016, the Company delivered meaningful improvement, producing double digit sales growth in its cores services sector and expanding its distribution channels to reach an increased worldwide market of more than 36 million. Contributing to Q1 2016 revenues was the successful launch of Abundance Now (Harper Collins) which produced $500k in new revenues.Conference CallThe Company will host a conference call today at 10:00am Pacific Daylight Time. The call can be accessed on the Company's website at www.motivatingthemasses.com. A recording and transcript will be made available following the call.About Motivating the MassesHeadquartered in Carlsbad, California and founded by company Chief Executive Officer and celebrated motivational speaker Lisa Nichols, Motivating the Masses has burgeoned into the national home for training sessions, media products and major live events that educate, motivate and inspire people and businesses alike to grow and flourish. At the heart of Motivating the Masses is its unparalleled team of life coaches who specialize in all core aspects of personal growth and business success. For more information, visit Motivating the Masses online at www.motivatingthemasses.com.Forward Looking Statements:Certain statements and information included in this presentation constitute "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. When used in this presentation, the words or phrases "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "projected," "intend to" or similar expressions are intended to identify "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks, known and unknown, and uncertainties, including but not limited to economic conditions, dependence on management, our ability to compete with competitors, dilution to shareholders, and limited capital resources.CONTACT:SSA Public RelationsSteve Syattssyatt@ssapr.comSOURCE: Motivating The MassesReleaseID: 440884
